Azerbaijan sees 20% rise in money supply

Azerbaijan sees 20% rise in money supply
# 16 December 2013 11:24 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of November 1, 2013, M3 money supply made AZN 17,867.4 mln, up AZN 2,260.8 mln or 14.5% from previous year.

Central Bank of Azerbaijan says money supply rose AZN 1,092.1 mln or 6.5% in January-October.

Note that M3 Board includes cash out of banks, demand and term deposits.

M2 Board of money supply rose AZN 2,454.2 mln or 19.5% to AZN 15,017.8 mln in comparison to a year earlier.

(mln. AZN)

01.11.2012

01.01.2013

01.11.2013

M0 (Cash)

8,415.5

9,256.6

9,724.4

M1 (Cash, demand deposits and savings)

10,096.2

11,107.9

11,836.6

M2 (Cash, demand and manat term deposits and savings)

12,563.6

13,806.4

15,017.8

M3 (Cash, demand and term deposits and savings)

15,606.6

16,775.3

17,867.4

As of November 1, 2013, cashing level in the money supply was equal to 64.8%, down 2.2 percentage points in the annual comparison.

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